Valuation Services
Convenience Stores
Convenience stores with retail petroleum sales are typically valued under a going concern premise. The income valuation is based on sales revenues, gross profit and EBITDA. Our firm has extensive experience in valuing these property types. Federal appraisal regulations require segregation of real estate, equipment, and business components of value, and we also have extensive experience making these allocations.
Industrial Facilities
When leased, industrial buildings and parks are valued under a market value premise of the leased fee interest. Many industrial properties are owner occupied and the valuation is based on a sales comparison approach. Also, a cost approach is often applicable particularly when the properties are new. Our firm has extensive experience in valuing these property types.
Lodging Facilities
Lodging facilities are typically valued under a going concern premise. The income valuation is based on gross room revenue and net income. Our firm has extensive experience in valuing these property types. Federal appraisal regulations require segregation of real estate, equipment, and business components of value, and we also have extensive experience making these allocations.
Office Facilities
Office buildings and parks are typically valued under a market value premise of the leased fee interest. The income valuation is based on net rental income. For small office properties that are owner occupied, the valuation is often limited to a sales comparison approach. Our firm has extensive experience in valuing these property types.
Religious Facilities and Other Special Use Properties
Religious facilities, schools and other special use properties are typically valued under a market value premise of the fee simple estate. The valuation is generally limited to a sales comparison approach and a cost approach. Our firm has extensive experience in valuing these property types.
Shopping Centers and Retail
Shopping centers are typically valued under a market value premise of the leased fee interest. The income valuation is based on net rental income. Our firm has extensive experience in valuing these property types – both anchored and unanchored.
Land
In most cases, the only applicable method for appraising a vacant land tract is the sales comparison approach. This involves an investigation into recent sales and listings of comparable properties. A land appraisal can be a very complex assignment that requires a highest and best use determination. Our firm has extensive experience in valuing this property type.
Daycare Facilities
Daycare facilities are often valued under a going concern premise. The income valuation is based on business revenue and EBITDA. Federal appraisal regulations require segregation of real estate, equipment, and business components of value, and we have extensive experience making these allocations.
Subdivisions and Lot Portfolios (subcategory)
Generally, there are three approaches used in valuing single-family residential developments or a portfolio of developed lots, the cost approach, the DCF analysis (an income approach) and the direct sales comparison approach. All three approaches are generally applied in this type valuation. Our firm has extensive experience in valuing these property types.
Multifamily
There are three approaches generally used in valuing multifamily properties – the cost approach, sales comparison approach and income approach. The cost approach is particularly applicable when the apartments are new or relatively new. The sales comparison approach is based on recent sales of similar properties, and the income approach involves the capitalization of the complex’s net cash flow.
Carwashes
Carwashes are often valued under a going concern premise. The income valuation is based on business revenue and EBITDA. Federal appraisal regulations require segregation of real estate, equipment and business components of value, and we have extensive experience making these allocations.
Self-Storage Facilities
There are three approaches generally used in valuing self storage facilities – the cost approach, sales comparison approach and income approach. The cost approach is particularly applicable when the facilities are new or relatively new. The sales comparison approach is based on recent sales of similar properties, and the income approach involves the capitalization of the facility’s net cash flow. Our firm has extensive experience in valuing this property type..
Mobile Home Parks
There approaches generally used in valuing mobile home parks are the sales comparison approach and income approach. The sales comparison approach is based recent sales of similar parks, and the income approach involves the capitalization of the park’s net cash flow. Our firm has extensive experience in valuing this property type.